Full-Time
Posted on 6/2/2025
Omnichain interoperability protocol for blockchains
No salary listed
New York, NY, USA
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LayerZero Labs builds a cross-chain interoperability protocol that connects more than 50 blockchains, enabling omnichain applications, tokens, and experiences. Its product runs on immutable on-chain endpoints with a configurable Security Stack and a permissionless set of Executors that carry censorship-resistant messages between chains. Developers and blockchain organizations use LayerZero to define their own security and efficiency configurations, making it possible to transfer assets and governance data across networks (for example, Curve’s token transfers between Ethereum and Fantom, and Uniswap governance messages on Avalanche). The platform differentiates itself by offering direct, configurable cross-chain messaging and asset transfer through a unified protocol rather than relying on third-party bridges. LayerZero’s goal is to provide seamless, scalable interoperability for building multi-chain applications and ecosystems.
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$318M
Headquarters
Vancouver, Canada
Founded
2021
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Company Equity
The $292M shadow Attack: why Smart Contract audits weren't enough for KelpDAO. The recent KelpDAO incident (April 2026) sent shockwaves through the DeFi ecosystem, not because of a reentrancy bug or a math error, but because it exposed a critical blind spot in cross-chain security: the Transport Layer. As a Web3 security researcher, I've analyzed the root cause and built a PoC to demonstrate how an insecure LayerZero v2 configuration led to one of the biggest hacks of the year. The Root Cause: 1-of-1 DVN Vulnerability Most auditors focus on Solidity, but the KelpDAO exploit happened at the infrastructure level. The protocol relied on a 1-of-1 Decentralized Verifier Network (DVN) configuration on LayerZero v2. How the Attack Unfolded: RPC Poisoning: The attacker (linked to the Lazarus Group) isolated the RPC nodes of the single verifier. Fake State Injection: By controlling the verifier's view of the source chain, the hacker simulated a "Burn" event for rsETH. Unchecked Minting: The destination chain, trusting the single compromised verifier, triggered an LzReceive and minted $292M worth of tokens out of thin air. This is a classic Single Point of Failure (SPoF). Even the most secure smart contract cannot defend against a compromised truth-source. Get rdin777's stories in your inbox. Join Medium for free to get updates from this writer. Market Contagion & Recovery (Post-Mortem) As of May 1, 2026, the industry is still picking up the pieces: Aave Liquidity Crisis: The influx of "unbacked" rsETH used as collateral created $123M - $230M in bad debt. The "DeFi United" Effort: A massive coordination between LayerZero Labs, Consensys, and Arbitrum DAO is underway to restore the peg, including a release of 30,765.66 ETH frozen by the Arbitrum Security Council. Proactive Defense: Monitoring Cross-Chain Invariants In my research repository [rdin777/kelpdao-incident-analysis], I've proposed a two-layer defense strategy: 1. Multi-DVN Configuration (X-of-Y) Never trust a single verifier. The industry is moving to a mandatory 2-of-3 or 3-of-5 setup (e.g., Google Cloud + Polyhedra + LayerZero Labs). 2. Real-time Invariant Monitoring (Clojure) I've implemented a listener in Clojure that tracks cross-chain supply. If Total Supply on Destination > Locked Assets on Source, the monitor triggers an emergency pause. Clojure;; Sneak peek of the monitoring logic (defn check-cross-chain-solvency [source-locked dest-minted] (if (> dest-minted source-locked) (alert-emergency! "Critical Solvency Breach Detected!") (log-info "System Solvent"))) | Conclusion The KelpDAO hack is a reminder that in 2026, Web3 Security = Smart Contract Security + Infrastructure Security. Block Magnates, Inc. must move beyond auditing lines of code and start auditing the paths that data takes between chains. Check out the full PoC and Analysis on my GitHub: | github.com/rdin777/kelpdao-incident-analysis #web3 #blockchain #security #ethereum #layerzero #solidity
LayerZero, a Vancouver-based blockchain interoperability company founded in 2021, has attracted significant investor attention following its integration with Worldpay. The startup raised $120 million from Andreessen Horowitz and Sequoia in 2023 at a $3 billion valuation, with a16z purchasing an additional $55 million of LayerZero's native token ZRO last year. Worldpay and Global Payments have launched the Payments DVN on LayerZero to enhance enterprise cross-chain payment security. The decentralised validator network enables cross-chain message verification for applications before execution, specifically designed for cross-blockchain payment operations. Following the announcement, ZRO has shown bullish momentum, with the token recovering after a significant decline in 2025. The price recently closed above key support levels, though analysts suggest waiting for confirmation above resistance before confirming a long-term breakout.
LayerZero expands into Canton linking wall street tokenization rails with public chains. The move links Canton's privacy focused institutional rails with broader crypto liquidity as tokenized securities and collateral efforts accelerate. Just now ago LayerZero said Thursday it has integrated with Canton Network, becoming the first interoperability protocol live on the institutional blockchain and opening a route for tokenized assets on Canton to move across more than 165 public chains. The tie-up is aimed at solving one of tokenization's biggest bottlenecks, which is how to connect regulated onchain assets to broader pools of liquidity without sacrificing privacy or compliance. The announcement matters because Canton has emerged as one of the main blockchain rails for traditional finance. Canton said this week that Broadridge's distributed ledger repo platform handles about $300 billion to $400 billion in onchain US Treasury repo volume each day. The network is also expanding as infrastructure for tokenized Treasuries and bank-issued digital cash. Institutions issuing assets on Canton could tap external stablecoin liquidity for primary purchases, while tokenized bonds, equities, and other securities created inside Canton could potentially reach secondary markets beyond the network's native ecosystem. The timing also fits a bigger shift in traditional finance. NYSE is working with Securitize on infrastructure for tokenized securities, and earlier this month the SEC approved a Nasdaq proposal that allows certain stocks to trade and settle in tokenized form. That suggests the market is moving past proof of concept and toward real market structure buildout. Central banks are also starting to take the plumbing more seriously. The Bank of England is considering broadening the range of tokenized assets that could be accepted as collateral, while the European Central Bank confirmed banks can use tokenized collateral in Eurosystem credit operations starting in March 2026. For LayerZero, the Canton integration extends its institutional pitch at a time when interoperability is becoming less about bridging crypto natives and more about linking regulated financial infrastructure to public blockchain liquidity. LayerZero's own site currently lists $75 billion or more in assets secured, more than $200 billion in historical volume, and 700-plus companies powered. Disclosure: This article was edited by Estefano Gomez. For more information on how Cryptobriefing create and review content, see its Editorial Policy.
Doma weekly: Relay integration, crosschain access and Dominion's Web3 expansion. This week on Doma focused on making DomainFi more accessible and efficient. With Relay integration now live, crosschain flows are smoother than ever. Doma Protocol also crossed two major milestones, over $50M+ in total volume and 6M+ transactions, clear signals of sustained, real usage. At the same time, continued product improvements and a cleaner foundation are setting the stage for scale, while Dominion '26 brings the Web3 side of the industry directly into the domain space. Product updates. This week's release focused on improving crosschain access and simplifying the product experience. The biggest addition is the integration of Relay as a new crosschain bridge provider alongside LayerZero. Doma now routes transactions automatically based on the best available quote. This creates a much smoother experience, especially for users entering from different chains. On the stability side, fixes were shipped to improve wallet connection reliability and resolve issues with profile sharing links. Together, these updates make the overall experience more predictable and polished. * Crosschain bridging via Relay: Relay is now integrated alongside LayerZero, introducing Unified bridge routing for best price execution & Native Relay-powered swaps * Bug Fixes: Wallet connection guard: Fixed race condition in EVM wallet connection and Share profile link: Fixed broken profile sharing Feature spotlight: Relay integration. Relay is one of those upgrades that fundamentally improves how users enter the ecosystem. Users can bridge ETH and USDC seamlessly, with the app automatically selecting the most efficient route. This dramatically lowers the barrier to entry for new participants while making life easier for existing users. Just as importantly, Doma is now also integrated directly into Relay itself. That means users can bridge funds to Doma from outside the app, turning Doma into a more accessible destination for liquidity across the broader Web3 ecosystem. More liquidity. More accessibility. Less friction getting into DomainFi. Doma by the numbers. The impact of these improvements is already visible in the numbers, with strong growth across all key metrics. Total Volume: $50.73M | Total Transactions: 6,149,664 | Total Tokenized Assets: 113,107 | Total Wallets: 39,706 | Launched and Scheduled Tokens: 210+ What stands out most is the consistency: activity is no longer driven by isolated spikes, but by sustained usage across trading, liquidity provision, and domain tokenization. Doma OnAir: podcast launch. This week Doma Protocol also kicked off Doma OnAir, its new live podcast series broadcasted on X. Hosted by Chris Jourdan (Coffee with Captain), the first episode brought together Fred Hsu, Michael Ho, and Bob Mountain from D3 to talk through what Doma has been building and where DomainFi is heading next. The conversation focused on the bigger picture: how domains evolve from static assets into liquid markets, what infrastructure is needed to support that shift, and why timing matters now. If you want to understand the long-term vision behind Doma, this is the episode to watch. Community corner. The Doma community remained highly active this week, with strong engagement across general chat, feedback channels, and Discord quests. A lot of the conversation centered around new token launches, especially continents.ai, alongside deeper discussions about liquidity dynamics and how tokenized domains behave as markets. What's notable is the shift in tone: less speculation, more understanding. The community is becoming more informed, more thoughtful, and more focused on long-term value creation. WWW #9: weekly wednesday walkthrough. This week's walkthrough focuses on one of the core mechanics of the platform: offers. The video breaks down how to place bids, where to find incoming offers on your domains, and how to manage your positions effectively. Whether you're actively trading or just getting started, understanding offers is key to navigating DomainFi. Watch here: Dominion 2026: new speakers. Dominion '26 continues to evolve into the key liquidity event connecting domains with major blockchain ecosystems. Doma Protocol has added a new wave of speakers bringing perspectives from across Web3: Vibhu Norby, Chief Product Officer at Solana, will share how naming and identity infrastructure scales within one of the fastest-growing ecosystems. John Nahas, Chief Business Officer at Ava Labs, will speak on how Avalanche is approaching domains as a foundational layer of Web3. Inder Singh, VP of Product & Technology at D3, will give a closer look at what's coming next for domain tokenization and liquidity infrastructure on Doma. Together, these perspectives make one thing clear: the domain liquidity opportunity is expanding far beyond its traditional boundaries. Reserve your ticket and get 10% OFF Looking ahead. This week was about making DomainFi easier to access and easier to use. With Relay integration live, a cleaner product foundation, and continued growth across the ecosystem, Doma is steadily moving toward becoming the default liquidity layer for domains. If you want to follow along as this space evolves in real time, make sure to follow Doma Protocol on X and join the conversation on its Discord. See you next week
Oxbridge / SurancePlus expands its T20/42 distribution across 160+ blockchain networks through LayerZero and Alphaledger. Oxbridge Re Holdings Limited -8.64% Oxbridge Re Holdings Limited Warrants 2014-26.3.24 on Shs +16.39% GRAND CAYMAN, Cayman Islands, March 12, 2026 (GLOBE NEWSWIRE) - Oxbridge Re Holdings Limited (NASDAQ: OXBR), (the "Company"), a leader in digitizing reinsurance securities as tokenized real-world assets (RWAs), together with its subsidiary SurancePlus, today announced expanded distribution of the SurancePlus tokenized reinsurance offerings through an integration with LayerZero. LayerZero operates the market-leading interoperability protocol enabling seamless cross-chain value transfer and communication across more than 160 blockchain networks. The SurancePlus' offerings are listed on the Alphaledger platform, a Solana-backed company, providing tokenized securities infrastructure. Through the integration of LayerZero with the Alphaledger platform, the SurancePlus' offerings will significantly expand its global accessibility. By connecting to LayerZero's ecosystem of more than 160 blockchain networks, a broader set of investors can access SurancePlus' reinsurance-backed tokens through the Alphaledger platform. This integration enables broader global distribution across both institutional and digitally-native ecosystems. By reducing fragmentation between blockchain networks, the integration allows the SurancePlus' offerings to reach participants across multiple ecosystems through a unified interoperability framework. This expanded distribution capability positions SurancePlus to reach a significantly broader global participant base while supporting Oxbridge's strategy of increasing the accessibility and scalability of tokenized reinsurance offerings. Investment Offering Overview SurancePlus offers two tokenized reinsurance investment strategies targeting annual returns of approximately 20% and 42%, with respective hurdle rates of 8% and 16%. The offerings are intended to provide monthly distributions to investors; see the Investment Offering information for additional details. The subscription window for the current SurancePlus' offerings are currently open and expected to close March 31. The Company previously announced, most recently reaffirmed on February 10, 2026, that investors in prior offerings are currently tracking returns of approximately 25% and 42%, respectively, based on underwriting performance to date. These returns are generated through participation in fully collateralized property catastrophe reinsurance contracts underwritten by SurancePlus. By digitizing interests in these contracts as tokenized real-world assets, SurancePlus enables investors to access a reinsurance strategy historically limited to institutional and ultra-high-net-worth participants. Leadership Commentary Jay Madhu, Chairman and CEO of Oxbridge and SurancePlus, commented: "We are pleased to announce this partnership with LayerZero. LayerZero's interoperability infrastructure allows us to distribute the SurancePlus' tokenized reinsurance insurance offerings across more than 160 blockchain networks, enabling participants to access these offerings globally without needing to adopt a new platform and significantly broadening access to an asset class that is uncorrelated to traditional capital markets." Cameron Nili, Banking & Capital Markets Lead of LayerZero, commented: "We are excited to partner with Alphaledger to expand access to the SurancePlus tokenized reinsurance offering by leveraging LayerZero's robust ecosystem." Manish Dutta, Cofounder/CEO of Alphaledger, commented: "We are proud to integrate LayerZero's interoperability infrastructure with the Alphaledger platform as we expand the distribution of our platform's offerings. By connecting Alphaledger to LayerZero's ecosystem of blockchain networks, we can bring our offerings, such as the SurancePlus reinsurance offering, to a broader global audience." About Oxbridge Re Holdings Limited Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) ("Oxbridge") is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets ("RWAs") as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its subsidiaries SurancePlus Inc, Oxbridge Re NS, and Oxbridge Reinsurance Limited. Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS. Our Web3-focused subsidiary, SurancePlus Inc., has developed the first "on-chain" reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non-U.S. investors - all achieved without the use of leverage. Company Contact: Oxbridge Re Holdings Limited Jay Madhu, CEO +1 345-749-7570 [email protected] About LayerZero LayerZero is where finance and the internet converge. It makes any token and application compatible with every type of blockchain. From protocols to institutions, organizations use LayerZero to build, issue, and scale digital assets and products. It connects 160+ blockchains, processes millions of messages a year and billions in value transfer. About Alphaledger Alphaledger is a leading provider of blockchain infrastructure for regulated assets, focused on origination, trading, settlement, and the development of autonomous clearing. The company's securities tokenization platform "Vulcan Forge" streamlines the entire lifecycle of financial assets by utilizing blockchain technology to deliver efficiency and real-time synchronization across market participants. Founded in 2019, Alphaledger pioneered the on-chain recording of regulated financial instruments and continues to advance the modernization of capital markets. For more information, please go to www.Alphaledger.com Affiliates of Alpha Ledger Technologies include an SEC registered transfer agent, Alpha Ledger TA, LLC ("ALTA"), Alphaledger Markets, Inc., ("ALM"), a broker dealer, registered with SEC, FINRA, the MSRB and SIPC, and an investment manager, Alphaledger Investment Management, LLC ("ALIM"). Check the background of ALM and ALIM on FINRA's BrokerCheck. Alphaledger Media [email protected] Forward-Looking Statements This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "estimate," "expect," "intend," "plan," "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled "Risk Factors" contained in our Form 10-K filed with the Securities and Exchange Commission ("SEC") on 26th March 2025 and in our other filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward-looking statement contained in this press release, even if the Company's expectations or any related events, conditions or circumstances change. This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.